Exploitation Permits definition
Examples of Exploitation Permits in a sentence
Banro has the full right to use all of the surface area contained within the Exploitation Permits and no other user of the surface, nor any occupier thereof, is entitled to any compensation or rights of relocation should Banro engage in construction activities that interfere with other uses of the surface.
Pursuant to the New Mining Code, Banro has no liability with respect to the mining operations carried on before February 1997 within the boundaries of the Exploitation Permits, including tin and gold mining operations.
No laws relating to taxation, export or import of products, or royalties, which would otherwise be applicable to mining companies operating within the DRC, are or will be applicable to Banro insofar as the Exploitation Permits are concerned, as all such laws are displaced and superceded by the provisions of the Mining Convention.
Areas where artisan miners are present within the boundaries of the Exploitation Permits are operating illegally and will be removed upon proper request being made to the relevant authorities.
In order to commence production on the Exploitation Permits, or any part thereof, Banro has applied for an environmental permit (through submission of an Assessment of Environmental Impact and Environmental Management Plan) which has been approved on 28 March 2006, and will be required to apply for a processing permit for which Banro could expect to receive the assistance of the State in this regard pursuant to Article 43 of the Mining Convention.
Kamituga is the lawful registered and beneficial holder of Exploitation Permits Nos.
The initial term of the Mining Convention is 30 years ending March 13, 2027, subject to an extension under the New Mining Code which will be considered pursuant to the terms and conditions of the New Mining Code in existence at the time; at present, an extension can be granted until exhaustion of all reserves (whether delineated at prior to the grant of the Exploitation Permits or subsequently during mining operations or otherwise) pursuant to Article 67 of the New Mining Code.
Kamituga holds the aforementioned Exploitation Permits itself with the benefit of quiet possession.
Pursuant to the Mining Convention, the State is obligated to renew title to the Exploitation Permits or to grant other forms of title with identical terms and conditions as those contained in Section 3 of the Mining Convention during term of the Mining Convention.
However if such a transfer is not possible for whatever reason, then the Parties will implement such alternative arrangements in order for the Mining Party to have the sole benefit and control of the ERG Project Exploitation Permit including entering into new sub-leases in respect of the ERG Project Exploitation Permits on terms and conditions which are consistent with this Agreement.